FX:GBPJPY   British Pound / Japanese Yen
84 4 0
Your comments please. The recent consolidation in the JPY crosses have lead to the USD & EUR breaking a bit higher. The GBP, however, has held below resistance line seen on the 4hr and daily chart .

Does this need a catalyst to break above or fall below the recent channel. Since its near the top, take some shorts and use a stop.

Your comments welcome please.
yep. missed my last buy order for this one and GBP/CHF...
There was a wedge formation for those 10 bars, with indicators showing slowing strength - this could have gone either direction.. though will be seen if it punches through resistance @ 152 in next 24hours :)
sunny failathon
thanks, please check back tomorrow and give me your opinion again. feel free to check my other ideas too.
Got some good pips out of this, but she hasn't bounced off 151.753 yet... :S
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